Meriden, Wyoming Property Taxes
The median property tax rate in Meriden, Wyoming is 0.54%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Meriden, the typical annual property tax bill reaches $27, significantly below the national median of $2,690. Property taxes in Meriden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Meriden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Meriden or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Meriden, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$27
Ownwell’s Meriden Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Meriden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meriden to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Meriden, Wyoming
Property taxes in Meriden, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meriden is 0.54%, which is significantly lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Meriden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meriden estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Meriden's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82081 zip code has both the highest and lowest median property tax rate of 0.54%. Understanding how these cities compare with Meriden provides valuable insights into the varying tax landscape across Laramie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meriden Tax Rate
0.54%
Average Laramie County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meriden, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82081 | 0.41% | 0.46% | 0.54% | 0.55% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Meriden, Wyoming
In Meriden, Wyoming, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Laramie County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Meriden, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Meriden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest tax bills can reach up to $1,172, while those with the lowest can be as little as $17.
Average Meriden Assessed Value
$4,920
Average Laramie County Assessed Value
$308,008
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meriden, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82081 | $2,156 | $3,192 | $4,920 | $198,180 | $314,135 |
Source: Ownwell
Property Tax Bills Across Meriden, Wyoming
In Meriden, located in Laramie County, Wyoming, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. Homeowners in Meriden can expect a range of tax bills depending on these variables. For instance, the 25th percentile tax bill is around $17, reflecting lower-valued properties, while the 75th percentile reaches $743, and the 90th percentile goes up to $1,172, indicating higher-valued homes. Comparatively, the national median property tax rate is 0.99%, which highlights how local rates and property values can significantly impact what homeowners pay. Understanding these factors can help homeowners manage their expenses and anticipate changes in their annual tax obligations.
Average Meriden Tax Bill
$27
Average Laramie County Tax Bill
$1,816
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Meriden, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82081 | $12 | $17 | $27 | $743 | $1,172 |
Source: Ownwell